Swedish telecom-equipment giant Ericsson AB said its sales and profit rose in the second quarter as wireless carriers snapped up its 5G gear, but warned of higher costs stemming from geopolitical tensions and inflation.
Ericsson, one of the world’s three large makers of 5G cellular equipment alongside China’s Huawei Technologies Co. and Finland’s Nokia Corp., said Thursday that sales increased 14% to 62.5 billion Swedish kronor, equivalent to about $5.9 billion, in the quarter ended June 30 compared with the same period last year. Profit rose 19% to 4.7 billion kronor in the quarter.
